Coinranking
Stablecoins
280 coins #12 Page 6| | Coins | | | ||
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| The coins below are ranked lower due to missing data. Learn more | |||||
| | 251 |  KRWQ KRWQ | $ | --%  | |
| | 252 |  f(x) rUSD RUSD | $ | --%  | |
| | 253 |  RMJDT RMJDT | $ | --%  | |
| | 254 |  DUSD DUSD | $ | --%  | |
| | 255 |  Tedra USD 2.0 USD.T | $ | --%  | |
| | 256 |  ID DIGITAL RUPIAH IDDR | $ | --%  | |
| | 257 |  ARSe ARSe | $ | --%  | |
| | 258 |  Frontier Stable Token FRNT | $ | --%  | |
| | 259 |  JPYR JPYR | $ | +0.02%  | |
| | 260 |  Peso Argentino wARS | $ | --%  | |
| | 261 |  Phoenix USD Token PUSD | $ | --%  | |
| | 262 |  Unity USD UUSD | $ | -0.10%  | |
| | 263 |  USD Universal USDU | $ | --%  | |
| | 264 |  U.S. Dollar Payment Token USDPT | $ | --%  | |
| | 265 |  DXBDT DXBDT | $ | --%  | |
| | 266 |  JuiceDollar JUSD | $ | --%  | |
| | 267 |  evaUSDC evaUSDC | $ | --%  | |
| | 268 |  apxUSD apxUSD | $ | +4.89%  | |
| | 269 |  Polymarket USD pUSD | $ | +0.01%  | |
| | 270 |  MegaUSD USDM | $ | --%  | |
| | 271 |  USDCx (Canton) USDCX | $ | --%  | |
| | 272 |  YLDS YLDS | $ | --%  | |
| | 273 |  Cygnus Finance Global USD CGUSD | $ | --%  | |
| | 274 |  Mustang MUST | $ | --%  | |
| | 275 |  Crown BRLV BRLV | $ | --%  | |
| | 276 |  Mor Stablecoin MOR | $ | --%  | |
| | 277 |  Hedera Swiss Franc HCHF | $ | --%  | |
| | 278 |  USDSM USDSM | $ | --%  | |
| | 279 |  USDA USDA | $ | --%  | |
| | 280 |  CAD Digital CADD | $ | --%  | |
Trending Stablecoins
| Coins | Live Price | 24h | |
|---|---|---|---|
| |  Binance USD BUSD | $ | +0.21%  |
| |  Tether America USD USAT | $ | +0.01%  |
| |  TerraClassicUSD USTC | $ | -4.06%  |
Top Gainers
| Coins | | | |||
|---|---|---|---|---|---|
| |  Reservoir DAM | $ | +6.68%  | ||
| |  Liquity USD LUSD | $ | +2.46%  | ||
| |  Ripple USD RLUSD | $ | +0.26%  | ||
| |  USD Base Coin USDBC | $ | +0.21%  | ||
| |  USDS USDS | $ | +0.21%  | ||
| All Gainers | |||||
Market Cap
What is a stablecoin?
A stablecoin is a blockchain token engineered to hold a steady price by anchoring its value to an off-chain asset—typically the US dollar, euro, gold, or a basket of commodities.
Instead of 50 % daily swings like BTC, stablecoins aim for ±1 % variance, making them the settlement layer of crypto trading, remittances, and on-chain lending.
Combined market-cap exceeds $160 B; on some days USDT + USDC settle more dollar value than Visa.
Quick Facts
- Purpose: Dollar (or gold) proxy inside smart-contract ecosystems; escape volatility without off-ramping to banks.
- Peg mechanisms: Fiat reserves, over-collateralised crypto, algorithms, or hybrid.
- Blockchains: 80 % issued on Ethereum; also Tron, BSC, Solana, Avalanche, Stellar.
- Velocity: USDT averages >$40 B daily transfer value—double Bitcoin’s on-chain volume.
- Regulatory lens: Payment stablecoins face MiCA in EU and draft US bills requiring 1:1 cash or Treasury backing.
Top Stablecoins (Live Examples)
| Token | Ticker | Backing Type | 2024 Circulating | Auditors / Attestations |
|---|---|---|---|---|
| Tether | USDT | Fiat (USD) | 110 B | BDO (quarterly) |
| USD Coin | USDC | Fiat (USD) | 32 B | Grant Thornton (monthly) |
| Binance USD | BUSD | Fiat (USD)* | 0.1 B | Paxos (halted new mints) |
| True USD | TUSD | Fiat (USD) | 0.5 B | Moore HK (real-time dashboard) |
| DAI | DAI | Crypto (150 % ETH/BTC) | 5.3 B | Maker surplus buffer >$100 M |
| Frax | FRAX | Partial algo (95 % USD + 5 % FXS) | 1.1 B | DefiSafety score 93 % |
| Origin Dollar | OUSD | Basket (USDT, USDC, DAI) | 60 M | OpenZeppelin audits |
How It Works
- User wires $1 M to issuer’s bank → issuer mints 1 M stablecoins on-chain.
- Token trades 1:1 on exchanges; arbitrage bots keep parity.
- Redemption portal – send 1 M tokens back → receive $1 M wire (Tether, Circle) or collateral auction (Maker).
- Reserve proof – monthly attestations or real-time dashboards show 1:1 backing.
- Smart-contract layer – DAI/FRAX mint only when users lock >$1.50 of crypto for each $1 stable.
Benefits
- Volatility shelter – park profits during crypto drawdowns without off-ramping to banks.
- 24/7 settlement – remit USD across borders in minutes for < $1 fee.
- DeFi collateral – 80 % of on-chain loans use stablecoins as margin.
- High yield – lend on Aave/Compound for 2-8 % APR vs 0.5 % bank savings.
- FX access – Argentinians, Turks, Nigerians hold USD-stablecoins to escape local inflation.
Risks & Trade-offs
- Custodial risk – bank freeze or issuer bankruptcy can break 1:1 peg (see BUSD shutdown).
- Transparency gaps – Tether paid $41 M fine for reserve misstatements; off-shore banks add counter-party risk.
- Regulatory crackdowns – EU MiCA bans interest-bearing stablecoins unless licensed as e-money.
- Algorithmic death-spiral – UST lost $40 B in 3 days when LUNA backing collapsed.
- Smart-contract bugs – DAI survived Black Thursday liquidations only via emergency MKR mint.
- Sanctions exposure – Circle froze 75 K USDC addresses linked to Tornado Cash.
Final Thoughts
Stablecoins are the bridge between volatile crypto and the stable dollar economy—letting traders hedge, workers remit, and DeFi users collateralise without touching a bank.
The trade-off is trust: fiat-backed coins rely on auditors and banks, while crypto-backed ones rely on over-collateralisation and smart-contract correctness.
Treat them like digital dollars, but keep an eye on reserve attestations, regulatory headlines, and black-list policies before parking life-savings.